RTX Co. (NYSE:RTX) Shares Sold by Waycross Investment Management Co

Waycross Investment Management Co decreased its holdings in RTX Co. (NYSE:RTX) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,878 shares of the company’s stock after selling 1,507 shares during the period. RTX makes up approximately 1.3% of Waycross Investment Management Co’s investment portfolio, making the stock its 23rd largest position. Waycross Investment Management Co’s holdings in RTX were worth $1,439,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Inspirion Wealth Advisors LLC acquired a new stake in shares of RTX in the third quarter valued at approximately $227,000. Eclectic Associates Inc. ADV grew its holdings in RTX by 3.0% in the 3rd quarter. Eclectic Associates Inc. ADV now owns 5,866 shares of the company’s stock valued at $711,000 after buying an additional 171 shares in the last quarter. Fluent Financial LLC increased its stake in shares of RTX by 370.8% in the 3rd quarter. Fluent Financial LLC now owns 9,467 shares of the company’s stock worth $1,147,000 after acquiring an additional 7,456 shares during the last quarter. Peoples Bank KS purchased a new position in shares of RTX during the 3rd quarter worth $666,000. Finally, HBW Advisory Services LLC acquired a new position in shares of RTX during the 3rd quarter valued at about $263,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 1.0 %

Shares of RTX stock traded up $1.24 during trading on Friday, reaching $124.91. The company’s stock had a trading volume of 3,056,543 shares, compared to its average volume of 6,964,188. RTX Co. has a 1-year low of $68.56 and a 1-year high of $125.53. The stock’s 50-day moving average price is $119.11 and its 200 day moving average price is $108.40. The company has a market capitalization of $166.16 billion, a price-to-earnings ratio of 48.98, a P/E/G ratio of 2.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. The business had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share. On average, research analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

Insiders Place Their Bets

In other news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the transaction, the vice president now owns 12,318 shares in the company, valued at approximately $1,402,773.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the sale, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the sale, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock worth $20,861,880 in the last quarter. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RTX shares. Susquehanna raised their price objective on shares of RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Robert W. Baird raised their price target on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Wells Fargo & Company decreased their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Melius Research upped their price target on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $161.13.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.